Palinda Group Holdings (HKSE:08179) Interest Expense : HK$-6.8 Mil (TTM As of Dec. 2023)

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What is Palinda Group Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Palinda Group Holdings's interest expense for the three months ended in Dec. 2023 was HK$ -2.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-6.8 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Palinda Group Holdings's Operating Income for the three months ended in Dec. 2023 was HK$ -18.4 Mil. Palinda Group Holdings's Interest Expense for the three months ended in Dec. 2023 was HK$ -2.3 Mil. Palinda Group Holdings did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Palinda Group Holdings Interest Expense Historical Data

The historical data trend for Palinda Group Holdings's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Palinda Group Holdings Interest Expense Chart

Palinda Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-8.30

-6.31

-3.67

-4.75

-6.81

Palinda Group Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-1.23	-1.30	-1.38	-1.83	-2.30

Palinda Group Holdings Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$-6.8 Mil.

Palinda Group Holdings (HKSE:08179) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Palinda Group Holdings's Interest Expense for the three months ended in Dec. 2023 was HK$-2.3 Mil. Its Operating Income for the three months ended in Dec. 2023 was HK$-18.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was HK$0.1 Mil.

Palinda Group Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Palinda Group Holdings did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Palinda Group Holdings Ltd interest coverage is 1.1, which is low.

Palinda Group Holdings (HKSE:08179) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Palinda Group Holdings Ltd (HKSE:08179) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

1 Hok Cheung Street, Unit 306-A201, 3 Floor, Harbour Centre, Tower 1, Hunghom, Kowloon, Hong Kong, HKG

Website

https://www.palinda.com

Palinda Group Holdings Ltd is engaged in diversified business. It is involved in wine trading, production, sales, and distribution of food products, investment in securities, and money lending business and Catering services. The Group?s revenue is generated from the production, sales, and distribution of food products such as barbequed food and Taiwanese Lou Mei to local supermarket chains in Hong Kong.

Executives

Huang Wei	2101 Beneficial owner
Yuen Wai Ching Loretta	2101 Beneficial owner

Palinda Group Holdings (HKSE:08179) Headlines

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